There are several strategies to implement reduced investment effectively:
1. Bootstrapping: This involves self-funding the business through personal savings, revenue from initial sales, or by maintaining a day job while building the business on the side. 2. Lean Startup Methodology: Focus on developing a [Minimum Viable Product (MVP)]() to test market hypotheses and iterate based on customer feedback. 3. Crowdfunding: Platforms like Kickstarter and Indiegogo allow entrepreneurs to raise small amounts of money from a large number of people. 4. Strategic Partnerships: Collaborate with other businesses to share resources, reduce costs, and expand reach. 5. Bartering: Exchange goods and services with other businesses instead of paying cash, which can conserve financial resources.